Economic Buzz: India manufacturing PMI dips to 57.6 in May but outlook stays strong

India?s manufacturing PMI eased to 57.6 in May from 58.2 in April, hitting a three-month low but still reflecting solid growth. New orders and output remained strong, though momentum softened. Employment hit a record high, while supply chains improved with the sharpest drop in lead times in four months. Inflation pressures rose, pushing firms to hike selling prices at one of the fastest rates in over a decade. Business confidence stayed upbeat amid strong demand and marketing efforts.

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